Direct Recovery
NOVEMBER 21, 2023
Use Savings to Pay Down Debt Debt servicing is another frustrating expense for businesses of all sizes, and the rising interest rates are making that a much bigger problem heading into 2024. One way to address this problem is to use rainy day funds to pay down any outstanding debt financing.
Collection Industry News
SEPTEMBER 28, 2021
The median debt amount for Americans older than age 50 was three times more in 2016 than it had been in 1989, especially for home, credit card, and student loan debt. Low-Income Elders Hurt Worse By Student Debt. More Than Half of Older Households with Student Loan Debt Hold Education Loans for Children or Grandchildren.
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National Service Bureau
JUNE 10, 2015
Debt collection can be further broken down by industry as well as by type of collection service. default on a business contract), education collections (student debt), finance (e.g. Industries include commercial collections (e.g. the monthly phone and energy bills).
Credit Corp
JUNE 12, 2021
Financial freedom is mental, emotional, and education process.”. Formal education will make you a living; self-education will make you a fortune.”. The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” – T.T.
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